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Marc Faber: The asset bubble has begun to burst

It’s the question investors everywhere are wrestling with: Are asset prices in a bubble, or do they simply reflect the fact that the global economy is growing once again?

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For Marc Faber, editor of the Gloom, Boom & Doom Report, the answer is clear. In fact, he says the bubble may already be bursting.

“I think it’s a colossal bubble in all asset prices, and eventually it will burst, and maybe it has begun to burst already,” Faber said Tuesday on CNBC’s ‘Futures Now‘ as the S&P 500 lost ground for the second-straight session.

Of course, Faber has long been expecting a market decline. But for the precise reason that stocks have simply continued to rise, he’s now become even more bearish.

About Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The Most Important News. Michael and his wife Meranda believe that a great shaking is coming, but that there will also be a great awakening in the midst of that shaking. For much more on what Michael believes, and to learn how you can become a Christian, please visit "The Most Important Thing" which is the most important page on this entire website. In addition, please visit Michael's Bookstore to see what Michael is personally recommending to his readers.

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